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deliver a major boost to u.s. economic growth. i realize that many of our colleagues have different priorities when it comes to fixing our broken immigration system, but the reforms contained in the stem jobs act enjoy bipartisan support. so i would urge my colleagues, let's show the world that we can agree on this common sense, bipartisan immigration reform. let's do something for our economy and let's take this first step in our broken -- solving our broken immigration system. now, let me say, before i turn the floor over to my colleague from kentucky, who i know has some comments on this topic, let me address two issues quickly and that is, i can anticipate hearing from some of our colleagues, this doesn't solve all of what's broken in our immigration system and i concede that that's correct. but what we need more than anything is to develop some confidence-building measures for the american people to demonstrate that we can come together, republicans and democrats alike, and do what needs to be done, which everybody -- almost everybody agrees is common sense, and then we can fol
doing better. it is hard to be terribly bearish on the u.s. >> y are going to stay with our politico expert. this is a rally that has surprised experts. it hasn't been that easy to be optimistic. >> it is. i think you have to be cautious here. the probability that this could fall apart is very, very real. >> so, you have to be careful up at these levels as a trader. i have low exposure up here. i have protection. that is how you have to play this market. stay with us please. >> yesterday it looked like washington was inching towards a deal. but today, plan b could be signaling differences. we have karen b and sara fagan herself a former political director. i know what it means. no tax rates above $1 million. no tax hikes but why did bay nor decide to do that. what signal is he sending? >> i think what he is telling the president is look, i appreciate you coming around on this, i appreciate you giving, it is not enough. and i'm going to go to the floor and show you, that $400,000 is not a deal republicans are going to accept. the other thing that occurs that, is it is important for hi
regime, the threat of chemical weapons. the u.s. rushes to protect an ally that shares a border with syria. >>> susan rice bows out. john kerry gets a lot of buzz. who will be the next secretary of state. >>> it works like a printer and plastic parts. some worry it will make plastic guns. ♪ we've been in the sky for our love ♪ -- >> what's up? how are you doing? >> imagine that, what would you do if stevie wonder walked into your recording session. c "en newsroom" starts right now. good morning, everyone, from washington, i'm don lemon. carol is off today. we begin this hour with spiraling concerns over syria and a desperate regime trying to hold on to power. this morning, washington announces it's deploying two patriot missile batteries and 400 troops to our nato ally turkey. it will bolster defenses to syria against its scud missiles and possible chemical weapons. >> it's a challenging time. it's a challenging time. it's a critical time. we just announced, just announced this morning that we are deploying two patriot batteries here to turkey, along with the troops that are
new poll shows that 52% of u.s. adult dults favor major restrictions on guns, making all guns illegal versus 47% last august. let's turn to our white house correspondent brianna keilar. she's joining us. the president came out and didn't mince very words. >> reporter: no, wolf. this is the first time that president obama has laid out a time line. he appointed vice president biden to lead this group of cabinet lawmakers to come out with some solutions and he wants those recommends from him no later than january. the president said this time washington won't just talk about tackling gun violence. >> this is not some washington commission. this is not something where folks are going to be studying the issue for six months and publishing a report that gets read and then pushed aside. this is a team that has a very specific task to pull together real reforms right now. >> reporter: he urged congress to vote early next year on an assault weapons ban and high ammunition clips and close the loopholes so all gun buyers are subject to background checks. >> we're going to need to work on making
, that the u.s. house of representatives has acted. we're waiting for the senate to act and i believe that as soon as they act we'll be back in town to find some forge -- some pathway forward. >> well, a senior white house official told cnn tonight to that point, they said we believe strongly a reasonable package can get majorities in both houses. the only thing that would prevent it is if speaker mcconnell and speaker boehner don't cooperate. do you think mcconnell and boehner are in the mood to cooperate with president obama? >> i do believe they're in a mood to cooperate. they've talked -- and speaker boehner's talked for a long time about a grand bargain, about a big deal, about trying to find some major solution going forward. but the senate hasn't acted on anything, so i think we have to be careful on just placing the blame on mcconnell or boehner. without adding in to this mix, senator harry reid who is running the senate and have failed to act on anything yet. >> will you support whatever short-term deal the republican leadership supports? >> i don't know what i'm going to sup
to tampa, florida, where he served his last assignment as kmanltder in chief of u.s. central command. he was 78 years old. teresa 135 homes and businesses remain without power. edward lawrence reporting. >> reporter: snow blowers and plows are pushing through a foot of snow in the upstate new york. the icy snow is a challenge for those who only have a shovel. >> it's been brutal. >> reporter: the storm drops several inches in the northeast and new england making it hard to get out and get around. streets are a problem in west virginia and maryland. this woman skit off the road and hit a mailbox. >> we just lost control. yeah, pretty scary. >> reporter: the weather is part of the same mass av system that crossed the country this week dumping snow from the west coast to the east coast and creating powerful tornadoes in the south. bad weather continues to delay flights in the northeast. that's bad news for holiday travelers trying to head home. brendan frank lip came home for christmas and is waiting to fly back to arizona. >> mercifully it's so far, so good. >> bob akard is from tampa, flo
. it is powerful. moving through the central part of u.s., upper plains. blizzard and winter storm warnings for nebraska and great lakes. deep south tornado sirens blaring. mobile, alabama, roofs have been ripped off, trees topple. a powerful storm moves through there. a warning in effect in mobile, alabama. i'm bill hemmer. welcome to "america's newsroom". martha: why don't we get normal weather. always something extreme. it is causing delays and cancellations. they're trying to get home. going through chicago o'hare's airport the nation's second busiest airport. they're having a tough time. live screen left, you see minneapolis. screen right you see storm damage where it already went through in mobile, alabama. could be a rough couple days out there as the head -- storm heads our way, bill. >> meteorologist janice dean from the fox severe weather center. what do we need to know?, jd. >> blizzards and tornados. that is the theme of today's weather. tornado watch in effect until noon central time, portions of mississippi, louisiana, alabama and florida panhandle. many tornado warnings in ar
. they keep coming to the same conclusion. there is about 6% of u.s. adolescents that are clinically depressed. that's not just sad. it's in a deep state that need help of one type or another. whether it's counseling or drugs or whatever. they need some help. they're relatively easy to identify. and you can do it in a simple screening process. for very little money. we could have every kid when you get your high school physical, you also have to get checked out, or periodically before graduation. because the thing is, most depressives, kids want to -- they want help. and they will tell adults. usually the two adults they will not tell are their mom and their dad. and that's actually part of the screening protocol is that parents can't be in the room, because they will usually tell a teacher or a counselor or a family doctor. they will tell an adult, but they hide it from their parents because they're embarrassed, ashamed, all sorts of different reasons. so the parents are often blind to it because the child is sort of blocking their view. so parents have difficulty. but yeah, we can do so much
business correspondent for "u.s. news & world report." i want to ask you about the tax increase if there is no deal and tax rates rise, when would workers begin to see that reflekr reflected in their paychecks? when does the pain start? >> this is not one tax hike. this is about nine different sets of taxes. and the one that would go up right away is the payroll tax. that was cut temporarily in 2 009, cut by two percentage points and will go back up by two percentage points and that would come out of workers' paychecks right off the bat. it would add up to something like $60, $70 a month for the typical worker. we hear about all the tax rates that are going up, that actually wouldn't involve money that is in people's pockets until they actually pay their taxes or do their tax returns the following year. because that's when they would have to calculate the amount they owe and whether they paid enough taxes in 2013. so the good and bad news about that is that is not going to affect people right away, but that also means they can put that one off for a long time and we could go --
. >> a u.s. airways jet briefly catching fire at sky harbor airport in phoenix. a spokesperson for the airlines says the crews were running maintenance jets on the jet's actio auction power system. no injuries reported. >> po*ep depope benedict xvi r-r deliverindelivering the christmas day message appealing for the end of the blood sed taking place in syria and playing for israelis and palestinians to find the courage to negotiate a lasting peace. yesterday the pope talked about the lure of technology taking time away from war shopping god. >> pilgrims from around the world flock to belles a to bethlehem lining up to see the birthplace of jesus. leland vittert live from bethlehem, sending christmas greetings to us like nobody else can. merry christmas to you. >> reporter: you're right it is really a roo tphaoebg and magical place on earth to be for chris nass. i'm going t christmas. you see the christmas tree all lit up and past that the church of the nativity where tonight there are a couple of thousands of people lined up trying to head inside and down to the bible when th gr
. you may know norad, the joint u- s - canadian military operation that monitors north american skies, helps kids follow santa's flight every year. since 2007, norad had used google earth. but this year, the guardian reports the tracker is going with bing maps, as google is offering its own competing santa you can follow santa at "norad santa,org", or "google ,com/santa tracker". we will take a break. 4:14. this live look at the oakland to a site of the bay bridge. an easy drive it through the toll plaza and the span. >> 4:15 a powerful winter storm is threatening much of the midwest. the national weather service has issued a states. natisha lance has more details on how the storm could affect your holiday travel. just ahead on friday, there are of blizzard conditions on the plains of the midwest. the first major storm dropping several inches in colorado. they are maneuvering some icy conditions. 156 miles on 76 east denver was closed. >> what you should start thinking is changing your plans on thursday. >> wiz concert could. the bond with 1 ft. of snowfall and the gusting at 50 mph.
targeting the u.s. facility. at the same time the state department increasingly was relying on a local libyan militia known as the 17th february brigade as well as on outside security contractor to protect the consulate. the report concludes neither provided meaningful defense on the day of the attack. jenna: what about the hearings? will secretary clinton testify on any of this information? >> reporter: well the unclassified report is lengthy but a key piece is missing. it does not address the policy piece. for example, why was it that secretary of state hillary clinton and her office felt that a smaller, or light footprint was necessary or was justified in eastern libya given the intelligence about the deteriorating security conditions? just a short time ago a senior republican here on capitol hill said secretary of state hillary clinton must testify. >> i do think it's imperative for all concerned she testify in an open session prior to any changing of the regime. i think that that's very important for her. i think it's very important for our country and i think it's very important
hero and longest-serving u.s. senator has died. to the best vacation spot on earth. (all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf, we've decided to put aside our rivalry. now is the perfect time to visit anyone of our states. the beaches and waters couldn't be more beautiful. take a boat ride, go fishing or just lay in the sun. we've got coastline to explore and wildlife to photograph. and there's world class dining with our world famous seafood. so for a great vacation this year, come to the gulf. its all fabulous but i give florida the edge. right after mississippi. you mean alabama. say louisiana or there's no dessert. this invitation is brought to you by bp and all of us who call the gulf home. hi, i just switched jobs, and i want to roll over my old 401(k) into a fideli
-runner for the job after the u.s. ambassador to the united nations, susan rice, withdrew her name from consideration last week. during the announcement the president indicated that kerry's senate career makes him more than capable for the job. >> in an extraordinarily distinguished senate career and as chairman of the foreign relations committee, john's played a central role in every major foreign policy debate for nearly 30 years. as we turn the page on a decade of war, he understands that we've got to harness all elements of american power and ensure that they're working together. >> secretary clinton wasn't present for the announcement. she's still recovering from a concussion. but in a statement she said that kerri is re is an excellent choice. north korean state media is reporting a u.s. citizen has been arrested in north korea for committing an unspecified crime. they say a tour guide entered north korea more than a month ago, was eventually detained after evidence was uncovered of some sort of crime. this comes ten days after a u.s. official said an american with a similar name was detained i
to attend a bar mitzvah. she brought the miss universe crown back to the u.s. first time in a decade. >> miss universe 2012 is usa. 20 year old olivia culpo eighth american ever to win the title. back in 1997. she beat out miss philippines and miss venezuela who came in third and those are your headlines. most significant thing i heard about olivia. she's played the cello in carnegie hall. >> steve: she's number one. >> brian: you said the cello is easy. >> gretchen: no, it is not >> brian: always room for a cello. >> gretchen: you are really coming on me in a very joyful and festive way. >> brian: you know how . room will be in the twump suite. >> miss maryland will be the new miss usa. >> brian: miss maryland steps in? >> gretchen: that apartment is full, babe. >> brian: miss usa, miss maryland and miss universe and >> steve: and miss teen. >> brian: they were cheering. >> i think it is miss maryland . excuse me if i have the state wrong. >> brian: i pain is still unbearable in connecticut . five more victims of the sandy hook massacre will be laid to rest today. katherine hubard a
expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. relieving the pain quickly. who helped make slea difference last yearose for thousands of california foster kids. thank you for helping foster kids. thank you for the school supplies. thank you for the new shoes. thank you, secret santa. and thank you for donating money. your generosity proves that while not everyone can be a foster parent, anyone can help a foster child. - thank you. - thank you. gracias por
enough time discussing ways to help them assimilate into civilian life. as the son of a u.s. air force veteran who spent 31 years in the air force, i'm acutely aware, as coul kay is, that it t just those that wear the uniform that serve, but their families as well. many returning vets and their families encounter a whole range of social and economic hardships that can be hard to overcome. most notably, the unemployment rate among our returning vets from afghanistan and iraq is significantly higher than for the general population, something i know kay has worked on extensively. she's also worked to get our veterans the medical assistance, the job training and the financial support they need. indeed, i don't know of any senator that's done more to help america's heroes adjust to life after the military. that's just one of the reasons why she will be sorely missed. here's another reason, though: kay has fought time and time again to promote tax relief for hardworking texas families. in thehooin the mid-1990's, shed create the so-called homemaker ira to make sure that stay-at-home moms and
americans are against arming the rebels or any u.s. involvement in the fighting there. >>> we're going to take a break. the southeast is bracing for severe weather. how your travel and christmas could be impacted. to the best vacation spot on earth. (all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf, we've decided to put aside our rivalry. now is the perfect time to visit anyone of our states. the beaches and waters couldn't be more beautiful. take a boat ride, go fishing or just lay in the sun. we've got coastline to explore and wildlife to photograph. and there's world class dining with our world famous seafood. so for a great vacation this year, come to the gulf. its all fabulous but i give florida the edge. right after mississippi. you mean alabama. say louisiana or there's no de
in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> we've been talking about the tragedy in newtown, connecticut. and that was not the only news story this week. one important story that was uncovered before the friday shooting. the future of women's under the violence act. it provided billions of dollars to investigate violent crimes against women but it expired. they offered to expand the bill with a new protection for same-sex couples, american indians and undocumented immigrants. so the house balked so in tuesday at a rare show of defiance in their own party leadership ten house rips signed on to a letter written by democration asking house supremer john boehner and majority leader kantor to on the reauthorization of the violence against women act bringing a bill inclusive of
. five of the 12 deadliest mass shootings in u.s. history have happened in the last four years. >> as a nation we have endured far too many of these tragedies in the last few years. an elementary school in newtown, a shopping mall in oregon, a house of worship in wisconsin, a movie theater in colorado, countless street corners in places like chicago and philadelphia. any of these neighborhoods could be our own. we have to come together, and we're going to have to take meaningful action to prevent more tragedies like this from happening regardless of politics. >> in that aurora theater last july a gunman wielding a semi-automatic rifle with a 100-barrel magazine, a shotgun and pistol went on a rampage killing 12 and wounding 58. shortly afterwards colorado's governor said stricter gun laws would not have helped. >> if there were no assault weapons available, if there were no this or that, this guy is going to find something and know how to create a bomb. >> he seemed different in an interview last wednesday, two full days before the events here in connecticut. when you look at w
deficiencies. u.s. ambassador to libya, christopher stevens and three other americans were killed in that attack. i'm joined by elise labott. what's the latest? >> reporter: well, the latest is this morning secretary clinton's deputies will be testifying, john. deputy secretary tom nides and william burns. secretary clinton is still suffering from a concussion. what i think is really interesting this morning is who's going to be chairing the morning session with the senate foreign relations committee. that's the chairman, john kerry, who is tapped to be the next secretary of state. now, of course there's a lot of questions in this panel report about the leadership at the state department, but there's also a lot of criticism of congress for not supporting resources for the state department security. let's take a listen to the fine balance that john kerry is trying to walk between trying to be tough on the state department, but also trying to show a little support. >> the report specifically calls on resources. there's a need to put about $2.5 billion a year over a number of years i
was number 15 on the u.s. marshals fugitive list. >>> and before we go, let's pop up the big board. i can take a look at the dow with you as we're hearing from folks on capitol hill. it sounds like we very well may be going over the fiscal cliff. the markets responding just a bit to that. dow down 117 points as we are seconds away from the "closing bell." much more on that with wolf blitze blitzer. >> "the situation room" begins right now. >> brooke, thank you very much. a dell luge of criticism after calling forearmed guards at every single school in the united states. >> the only thing that stops a bad guy with a gun is a good guy with a gun. >> this hour, we get reaction from the head of the democratic party, the florida congresswoman, debbie wasserman schultz. also, house republicans in disarray. john boehner heads home with no deal on the fiscal cliff and not enough support for his own so-called plan b. but now what? i'm wolf blitzer. you're in "the situation room." we begin with the national rifle associations defiant restriction in the wake of the newtown, connecticut, shootings. i
intervention, more than half say the u.s. and other countries should not send military planes and missiles to help the opposition fighters set up a safety zone. >>> in kabul earlier today an afghan police officer shot and killed an american contractor. this was inside police headquarters. this attack comes just a day after five afghan police, they were killed by their commander who police say was a taliban infiltrator. more than 50 have been killed by inside attacks this year. barbara starr, this is one of the main concerns as you know of the police of the forces, the international forces inside of afghanistan. you've got these rouge actors that infiltrate and are a part of killing what they -- these inside killings, the green on blue and blue on blue. tell us what happened. >> there's very little information available so far, suzanne. as you said, someone in an afghan police uniform. what is so interesting about this tragic incident is it was a woman in an afghan police uniform. whether she was a member of the afghan police or perhaps an infiltrator that stole the uniform somehow i think
. no prescription needed. wiesel t axelrod: there continue to be encouraging signs that the u.s. eausing market is recovering. government figures for november show the construction on new homes was up 21.6% from a year ago. in california, you may be surprised at who is buying. here's ben tracy. >> reporter: this is the busy time of year for you guys. >> absolutely. this is when all the grapes come ns. >> reporter: scott meadows runs salinas vineyards in california's napa valley. there's a good reason he put that american bald eagle on the , ttle. it seems kind of nationalistic. >> it does, doesn't it? that was a specific request from our owners in china. china overall is looking to bring parts of america to china. >> reporter: in 2010, this vineyard was up for sale. chinese investors bought it. now, 90% of the wine from here-- that's 9,000 cases-- is shipped to china. what does a chinese company want with a vineyard in napa valley? >> there's a big demand in china for luxury goods, for goods that are scarce, and for goods that are well made. rather than buying chinese-made products and sending
package pickup from the u.s. postal service the holidays are easy. visit usps.com. pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give us special instructions on where to find it. free package pickup. from the u.s. postal service. because it's nice to have an extra pair of hands around for the holidays. who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your monthly prescription. [ male announcer ] dosing and application sites between these products differ. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a child, or, signs in a woman which may include changes in body hair or a large increase in acne, possibly due to accidenta
at the calendar, but we are about of time here, folks. this is not funny. people's livelihoods are at stake. the u.s. economy is at stake. millions of families are counting on us to do something. tois the president's job find a solution that can pass the congress. he is the only one who can do it. this is not john boehner's problem to solve. he has done his part. he has bent over backwards. mr. president, how about rallying in your party around a solution? i have said many times before -- we cannot solve the problems we face unless or until the president of the united states either finds the will or develops the ability to lead. this is a moment that calls for presidential leadership. that is the way out of this. it is that simple. does anybody wonder why we keep going from crisis to crisis around here? anybody notice a pattern? this does not have to be a crisis. this is an opportunity. once again, the president ignored it. he held rallies and partisan speeches after he had been reelected. as i said yesterday, i think it is obvious that the president wants to go off the cliff. i know most of the ame
to represent the nation's second largest state in the u.s. senate. kay came to washington ready to work. she established herself early on as a leader on transportation and nasa and as a fighter for lower taxes and smaller, smarter government. kay won a claim as an advocate for science and competitiveness, helped secure bipartisan support for the landmark america competes act, and she became known throughout the state for the close attention she paid to constituents. shortly after her election to the senate, kay began a tradition imitated by many others since of holding weekly constituent meetings over coffee whenever the senate's in session. the groups usually ranged in size from 100-150, and at any given coffee, you might come across families in bermuda shorts, bankers in pinstripes or college football players. over the years, kay has hosted about 50,000 people in her office through these coffees, but her attention to constituent service goes well beyond that. back home, she is one of the few politicians in texas who has actually visited all 254 counties, some of which are home to more catt
not find that any individual u.s. government employee engaged in willful misconduct or knowingly ignored his or her responsibilities, we did conclude that certain state department bureau level senior officials in critical positions of authority and responsibility in washington demonstrated a lack of leadership and management ability appropriate for senior ranks in their responses to security concerns posed by the special mission. >> a total of four senior state department officials have either resigned or placed on administrative leave in the wake of this report but what about secretary of state hillary clinton. she's in charge and she initially took the fall. >> i take responsibility. i'm in charge of the state department. 60,000 plus people all over the world, 275 posts. the president and the vice president certainly wouldn't be knowledgeable about specific decisions that are made by security professionals. they're the ones who weigh all of the threats and the risks and the needs, and make a considered decision. >> joining me now, former u.s. ambassador, christopher hill. good morning
serving senator in u.s. history, democrat senator inouye died from respiratory complications. president obama praised him calling inoue a true american hero. his staff says his final word was aloha. he was 88 years old. a great, as the president said, great american hero. the charleston post, south carolina governor, nikki haley, selects republican tim scott to replace out-going jim demint. the tea party will be switching and will become the first african-american senator ever from south carolina. >> "boston globe," taking new steps to speed up your check-in this holiday season. the elderly members of the military and other travelers deemed low risk will now be able to keep their shoes, jackets and belts on. the tsa has also expanded its pre-check trusted traveler program to 35 airports. >> those trusted travelers, t.j. >> and a look with "politico" playbook, jim vandyheim. >> there was some movement on the fiscal cliff talks. >> yes. i would say substantial movement where you can see the contours of a deal that can get done potentially pretty quick where the president is willing to say
] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. [ coughs ] [ baby crying ] ♪ [ male announcer ] robitussin® liquid formula soothes your throat on contact and the active ingredient relieves your cough. robitussin®. don't suffer the coughequences™. and the active ingredient relieves your cough. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. trying to find a better job can lik
, a u.s. investigation finds more evidence about how walmart used payoffs allegedly in mexico to advance its gold down there. it's tuesday, december 18th, 2012. "squawk box" begins right now. >>> good morning, everyone. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. our guest host this hour is julia sed. fiscal cliff negotiations, our top story. now president obama is proposing leaving lower tax rates in place for everyone except those earning $400,000 and above. that's above the $250,000 threshold that the president has been demanding for months, but it is still far from speaker john boehner's request of $1 million. a source familiar with the talk says this is by no means the final offer for the white house. the move by the president was welcomed, albeit with some reservations. we will talk about the latest developments in just a few minutes. in the meantime, the global markets seem to be taking note of the optimism. you can see right now that those dow futures are up by 54 points. this comes after a decent rally for the markets yeste
. discretionary turns out to be the easier nut to crack because that money doesn't go out the door unless this u.s. house of representatives acts. that distinguishes it, mr. speaker, from mandatory spending. that's the third set of columns on my chart. mandatory spending, as i said, 2/3 of our budget, 68.3% to be precise, and of all the sequestration cuts, 63.8% of the budget is only going to bear 14.4% of the pain. the back story there, mr. speaker, is that's the only 14.4% of the pain. as i said discretionary spending has been on the chopping block in 2011, 2012, and now again in 2013. but mandatory spending we haven't had a single agreement about, and i don't hear the white house talking about it, either. the white house put together a group it was called the simpson-bowles commission. it was named afterers kin bowles, a former clinton chief of staff, and alan simpson, former republican senator. and they came together and what the president called his deficit reduction commission to give the president and -- an idea what we could do to get our fiscal house in order. i want to show in you this c
what is currently the largest u.s. gun manufacturer. >> so, dan, is this like when you invest in your 401(k) or whatever, whatever investment you might have, and it is in a mutual fund and you don't know which companies are in that mutual fund. is that how it is or did they have direct knowledge that this company was a maker of these rifles? >> no, it is different. first of all, it is different because of the long-term investment. unlike your 401(k), if you wanted to pull your money out, you can't. once you're in, you're in, unless you did a private sale with someone else. but they know what's in it. these are large transactions, and for callisters which committed $500 million to one of these funds they don't give a $500 million check up front. they say we'll give you this money and every time they do a deal, it asks for a piece of the money to do the deal, in the case of freedom group, they would have asked for money to do bushmaster and so on. plus, freedom group filed to go public in 2009. callisters would have known about that and gotten quarterly updates from the firm. >> so, dan
of breaking news overnight. including, you know, as the crisis in syria escalates, the u.s. is spending patriot missiles and troops to the syrian border with turkey. right now, martha raddatz will be here with more on that. >>> and barbara walters, bringing us her exclusive with the president and first lady. they rarely appear together for an interview. but they did for barbara. we'll hear their message, special message for robin. >>> let's get right to josh elliott for the pair of powerful earthquakes off the coast of california. >>> a powerful earthquaking rattling buildings and nerves in southern california. 6.3 magnitude off the coast. >> we're here in pasadena where they're watching this activity very closely. this was a pretty big shaker. 6.3 in magnitude. it occurred in the pacific ocean. lot of folks here in southern california felt it, though, it was a pretty good jolt. fortunately no reports of damage or injuries so far. back to you, josh. >> john, thank you. >>> people shaken by the quake twe tweeted it on twitter. >>> also this morning, new pressure on congress to approve a
to look at the safety of our schools. right now you have one-third of u.s. schools that do have an armed presence. a resource officer, a police officer is present in the school. why should one-third have this greater safety while the other two-thirds do not? and so this christmas season i think the highest priority should be the safety of our children and our elementary schools. i have grandchildren there, and i think one of the aspects of it would be have a greater armed presence very discrete presence, a highly trained presence, in our schools that can provide greater level of safety. >> congressman, you're absolutely right that some schools are armed right now. armed guards have not preventeded three recent massacres. there was an armed guard at columbine, as you know about. virginia tech had its own police force. ft. hood one of the most heavily secured facilities in the country. if armed guards are not preventing mass shootings at those places, why do you think arming every single school in the country will prevent more of these shootings? >> that'
is claiming responsibility for a suicide bombing at a major u.s. base in eastern afghanistan. three afghans, including a guard at camp chatman were killed in today's explosion. >>> back here at home, former major league baseball player andruw jones is free on bail this morning. he was arrested near atlanta early christmas morning on a battery charge, after police responded to a call about a domestic dispute with his wife. >>> and netflix, they are apologizing for a christmas outage in its video streaming service. it happened on christmas, a little untimely. it took ten hours to resolve the problem, which affected subscribers across the country. the company says it stemmed from a failure at amazon, which hosts the netflix servers. >>> and a feat of engineering on display in china this morning. service began today on the world's longest high-speed rail line. the average speed, hang on, everybody. 186 miles per hour. it used to take 22 hours to get from beijing to guangzhou. now, it will take about eight. the same distance as new york to key west. how about that? in just eight hours. i think i
on foreign policy issues confronting the u.s. we'll pick up live coverage of the event at 1:30 this afternoon with remarks from incoming house foreign affairs committee chairman ed roadways and -- royce and bob kasey. they'll be discussing the war in syria and tensions in iran later today and look at the arab spring and nonproliferation risks and remarks from senators. that gets under way at 1:30. president obama and the first family will participate this evening in the annual lighting of the national christmas tree. actor neil patrick harris will m.c. the ceremony which will include performances from james taylor and the musical group the frey. that's live here on c-span beginning at 4:30 eastern. >> this weekend on c-span 3's american history tv, follow harry truman's elvis grandson to hiroshima as the city prepared to mark the dropping of the bomb in 1945. >> everybody has their own view of what happened. and i don't want to argue -- [inaudible] with anyone in japan about the history. i think we're past that. my purpose for being here is to listen, to honor the dead, to listen to the livin
's take a look at the u.s. futures set up for the open first of the week. dow looking at about 50 points right after the open. as for the action in europe, taking its cues from the united states. we'll see a big rally in china extending one of its biggest rallies in three years. we have a mixed bag in europe with italy up by about .2 of 1%. >> we'll do our best to keep focused on the business day. we'll be following the tragic shooting in connecticut, of course. the new york stock exchange will hold a moment of silence to honor the victims in the next few moments, and we'll be looking at the president's call for meaningful action and the politics of gun control. >> let's get to a road map for this morning. it starts with apple. under pressure once again. even dipping below $500 a share at some point this morning. shares will remain range bound near term. iphone 5 sales and cannibalization among the region. >> other concessions from the gop, the speaker proposing tax hikes for millionaires. could this be the tipping point. moving the talks beyond deadlock. >> a big week for earnings. yes,
. there are variables that will affect that that we cannot control. with the u.s. does and the international financial institutions do is going to matter. morsi cares about with the international community to cares about him. they are sensitive to that because they need outside support to get their economy back on track so there is a point of leverage. if we can use that i might be more optimistic. but in terms of a long-term goal is, it is islam for a reason and they're going to become liberals. all this talk about post islam is unrealistic because we are talking about deeply religious conservative societies where large majorities maybe they don't vote on the basis of sharia but they are sympathetic to public life and they can empower those elements of society to would push them further to the right and that isn't just egypt we see that in other countries where the democracy doesn't always have a moderating effect and they don't have a more islamic egypt and this could be somewhat liberal if not the liberal. >> thank you very much. thank you. this is a fascinating discussion and i appreciate your won
general motors buying $5.5 billion worth of stock from the u.s. government's t.a.r.p. program. and it was at a price $2 above where gm traded yesterday. that's right. we, the people, got a better deal than we could've ever hoped for just the day before. gm most likely would have been liquidated, putting more than 1 million people out of work. if the federal government hadn't bailed it out. nobody likes a bailout. people don't like to use the phrase bailout and the government isn't going to be made whole in this investment. i'm saying that point-blank. that's because it's so gigantic. the simple fact is also not only does gm exist, but it was capable of throwing off $5.5 billion to repay some of the t.a.r.p. investment. this thing was at death's door, now it's thriving, just like aig which also shouldn't have come back, but it did. those are two 2012 success stories that explain how robust corporate america really is and how unheralded that development is. what else? how about that the united states is producing more oil than any time in the last 17 years and producing enough t
a factory in ohio, last u.s. manufacturing company, some pensions put pressure on them and were able to change their mind. >> can the institutional investors big ones, nif them out there, can they put political pressure on congress to move this along or not. >> they can. they don't have a huge amount of money to do such things. i'll put it this way. compared to the amount of money private industry can put, there's no contest. >> dan from "fortune" magazine. thank you very much. sue, thank you. >> next half hour, ty, i'll look at the impact of the sandy hook tragedy had on gun retailers, then we'll talk with a leading mental health expert on whether mental health is being lost in the debate. back in 2:00. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lip
protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing.
strand more travelers these days because of fewer flights and smaller planes. u.s. airlines have cut capacity by 11% since 2005. mary frances fagan works for american airlines, which canceled 377 flights on thursday. >> to the degree we have the capability of adding flights to very popular destinations we do that, and i'm sure other carriers that have that capability do as well. >> reporter: but not everyone is going to one of those very popular destinations, scott. and for those who are not, the message from the airlines is "patience, please." >> pelley: dean, thanks very much. we found another sign that the economy is recovering and we'll tell you about it next. tell you about it next. i have what science calls the nightly stuffy nose thing. i can't breathe, so i can't sleep. and the next day i pay for it. i tried decongestants... i tossed and turned... i even vaporized. and then i fought back with drug-free breathe right. these nasal strips instantly open my nose, like a breath of fresh air. i was breathing and sleeping better. [ female announcer ] exercise your right to breathe r
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